Wealthcare Advisory Partners LLC Decreases Holdings in Alphabet Inc. $GOOG

Wealthcare Advisory Partners LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 9.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,702 shares of the information services provider’s stock after selling 4,337 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $14,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares during the period. State Street Corp grew its stake in shares of Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after purchasing an additional 953,790 shares during the period. Auto Owners Insurance Co increased its position in shares of Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP increased its position in shares of Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares during the period. Institutional investors own 27.26% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong AI investment and cloud growth: Alphabet’s Google Cloud business reportedly delivered 82% year-over-year revenue growth, while its contracted backlog reached approximately $514 billion. The company’s planned capital spending of about $205 billion in 2026 signals substantial expected demand for AI infrastructure and cloud services. Alphabet’s Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Institutional buying and bullish targets: Migdal Insurance added an estimated 693,726 GOOG shares, increasing its position by roughly 45%. Berkshire Hathaway’s previously disclosed multibillion-dollar Alphabet investment continues to be viewed as a vote of confidence in Alphabet’s long-term AI strategy. Recent analyst coverage remains broadly positive, with a median price target of approximately $422.50. Migdal Insurance Fund Update
• Positive Sentiment: Debt offering supports expansion: Alphabet completed a $25 billion, multi-maturity debt offering. The proceeds provide additional financial flexibility for data centers, AI infrastructure and other corporate needs, complementing its strong operating cash generation. Alphabet Completes $25 Billion Multi-Maturity Debt Offering
• Neutral Sentiment: New Google Play payment option: Google Play is adding Venmo for purchases of apps, games and digital content. The move could improve payment convenience and engagement but is unlikely to materially affect Alphabet’s near-term financial results. Google Play Adds Venmo as a Payment Option
• Negative Sentiment: AI leadership concerns: Analysts warn that high-profile departures from DeepMind could weaken Alphabet’s AI execution and competitive position, contributing to recent volatility and skepticism about the company’s ability to convert heavy spending into returns. Analyst Warns Alphabet Faces Two Major AI Problems
• Negative Sentiment: Mixed fund flows and insider selling: Great Lakes Advisors cut its GOOG position by approximately 536,022 shares, or 44%. Separately, reported Alphabet insiders made no open-market purchases and completed 96 sales over the past six months. These transactions may reinforce concerns about valuation or near-term upside, though they are not necessarily fundamental signals.
• Negative Sentiment: Financing and concentration risks: Critics question whether rapidly expanding AI infrastructure spending can generate adequate returns, particularly as a large portion of projected cloud revenue may depend on unprofitable AI customers. The new debt issuance adds funding capacity but also modestly increases leverage.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 600,547 shares of company stock valued at $16,255,540. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

GOOG stock opened at $355.84 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company’s fifty day moving average price is $353.61 and its 200-day moving average price is $339.25. Alphabet Inc. has a one year low of $197.46 and a one year high of $404.47. The company has a market capitalization of $4.35 trillion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GOOG shares. JPMorgan Chase & Co. dropped their price objective on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Barclays reaffirmed an “overweight” rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Truist Financial decreased their price target on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Roth Capital boosted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $410.09.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.